Fascinating developments unfold on the Bitcoin chart. If we approach a peak, we could be navigating Wave (C) of Wave D within wave iv. Should we breach $53,013, support at $50,775 may prove beneficial, yet trading before this entails risk. Our target stands at $55,404.
Following a period of compression, Bitcoin showed resilience after a downward breakout, indicating a potential accumulation phase. The price managed to hold its ground, setting the stage for a bullish scenario. From a technical perspective, if BTC overcomes the resistance trendline, we could see an ascent towards the $53,000 mark, which is quite possible from my...
I was having a conversation with a trader on my social media and he was sharing future projections of Bitcoin INDEX:BTCUSD with a parabolic curve. This is easy to draw using past major lows going higher and also with the fundamental force of the Halvening presumed to begin in earnest now or soon. My feedback to him is that perhaps the obvious thing to do now...
Bitcoin is currently stuck on a key horizontal resistance. After a strong bullish movement, the market became overbought and is currently consolidating. The next bullish wave will be confirmed after a breakout of 54000 horizontal resistance. Daily candle close above that structure will confirm a violation. A bullish continuation will be expected at least to...
I've concluded that the current Bitcoin trend resembles a bull trap preceding an impending recession. Regrettably, I too was ensnared, initially believing it signaled the beginning of another bullish market. However, I now realize my error. In my forthcoming video, I'll delve into the rationale behind this assessment and share strategies for capitalizing on...
Bitcoin (BTC/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 51,540.34 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 50,637.73 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement...
Bitcoin's recent market activity has painted an optimistic picture as it ascends towards the 4-Day chart's 0 Fibonacci retracement level. However, it's currently facing resistance at this pivotal mark, with the price hovering around $50,879. This level is critical; a convincing break above could pave the way for a push towards the 1.618 Fibonacci extension level,...
Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price...
What do you think? This is my trend-based model. I am not a trader nor a professional in trades.
Bitcoin has pushed the 50K resistance area and peaked in the 52Ks. The recent bearish pin bar has signaled a swing trade short which is not following through (no surprise there). Over the coming week it is within reason to see a retest of the 48K area support. This is the price location where a high probability swing trade long setup can appear and where I am...
Bitcoin is at a very interesting level at the moment. We are months away from the next Bitcoin halving. The general consensus is that Bitcoin halving events are positive for the price of Bitcoin, and historically they have been. The event often generates optimism among crypto investors, leading to positive price action afterward. We are anticipating price to...
In this video, I delve into my Wave D Breakout theory. Upon recognizing the potential for this phenomenon in XLM, it became evident to me that both assets need to breach a specific level. However, upon achieving this, they are likely to encounter rejection. So, what does this scenario imply in terms of wave dynamics? My analysis suggests that we'll witness...
It seems that a minor Wave D has been accomplished, triggering a downward continuation with Wave E. Validation awaits a breach of 52,246; surpassing this mark without establishing a new low would indicate support around $50,631. Anticipating Wave 3, characterized by strong and swift upward movement.
Bitcoin 🌏 I'm Going To Put It To You Plain And Simple If You're Long Term Investor/Believer I'd Be Buying At These Levels 🎱 BTC/USD BTC/JPY🏯 BTC/AUD BTC Total Market Cap BINANCE:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD 👩🏼🚀👩🏼🚀🚀
Here's my latest analysis on Bitcoin, with a target around $289,000. While I use this number for perspective, it's worth noting that the price could potentially surpass it. However, it's crucial to recognize that the upward momentum is finite, and as the mania intensifies, many will be drawn into the market before a significant downturn occurs. Across all...
moving averages here i used tell another story about a massive bullrun and about target fibonacci series mathematically predict $358K.
In comparison to previous bull cycles this rally from the depths of 15k on bitcoin sure has taken its sweet time. It's quite often the opposite when crypto is in a bull market. The last rally from 25k to 48k was a bit more of the personality we are use to. So is bitcoin geared to moon to new All time highs? It certainly continues to increase its probability...
BINANCE:BTCUSD "I have determined the formation target on the chart, and it is crucial not to fall below the support level and trend line." Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck